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It’s unclear how bad things will get, however. Genesis, according to Silbert, is facing a liquidity issue but is not insolvent. Putting aside the $175 million Genesis lost in an FTX trading account, the lending company’s real problems stem from the early days of the crypto contagion, when one of
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The embattled former BTC-e operator has spent over 3 months in US custody and wants bail due to his trial delay.Alexander Vinnik, the alleged operator of the defunct Russian crypto exchange BTC-e, has requested bail due to the delay of his trial. The Russian computer expert’s defense team has also
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The alleged operator of crypto exchange BTC-e, Alexander Vinnik, has asked to be released on bail due to the delay in court proceedings. In early August, the Russian IT specialist was extradited to the United States to face charges of money laundering through the now-defunct coin trading platform. Vinnik’s Defense
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The incoming United States House Financial Services Committee chair Patrick McHenry wants the Treasury to delay the implementation of a section of the Infrastructure Investment and Jobs Act that deals with digital assets and tax collection.McHenry sent a letter on Dec. 14 to U.S. Treasury Secretary Janet Yellen with questions
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Rep. Patrick McHenry, the soon-to-be chair of the House Financial Services Committee, wrote a public letter to Treasury Secretary Janet Yellen asking her to delay the implementation of the tax provision in last year's infrastructure law. Source
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Maxine Waters, chair of the United States House Financial Services Committee, has called out former FTX CEO Sam Bankman-Fried for announcing on social media he intended to testify after “learning and reviewing what happened” at the exchange.In a Dec. 5 Twitter thread, Waters cited Bankman-Fried’s numerous media interviews in the
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Australia’s market regulator has released a list of the “top-10 ways to spot a crypto scam,” amid a detected rise in crypto-related investment scams this year.The Australian Securities and Investment Commission’s (ASIC) public advisory statement was published as part of Scams Awareness Week 2022, an initiative that teaches Australians how to
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Reggie Fowler, a former NFL team owner and alleged "shadow banker" who might face up to 30 years of imprisonment, asked the court of the Southern District of New York for a six-month adjournment. Technically, it was Fowler’s lawyer Ed Sapone who requested “unusually long adjournment”, justifying it with his “serious
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While there’s 50 days left until the week of September 19, the crypto community has been discussing whether or not Ethereum developers will delay the penciled-in date for The Merge. Moreover, on July 27, the crypto hedge fund Galois Capital published a survey on Twitter that indicates more than 33%
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Cardano (ADA) had no problems pulling off a 5% spike in roughly 24 hours despite the delay of the Vasil Hard Fork upgrade. Analysts forecasted that the hard fork can help ease Cardano out of its bearish stance but it seems the coin didn’t struggle a bit despite the postponement. Over
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